{"id":17905,"date":"2022-08-05T12:09:02","date_gmt":"2022-08-05T20:09:02","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17905"},"modified":"2022-08-05T12:09:02","modified_gmt":"2022-08-05T20:09:02","slug":"weekly-newsletter-1109-measuring-your-trading-progress-futures-support-resistance-levels-for-the-week-ahead","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-1109-measuring-your-trading-progress-futures-support-resistance-levels-for-the-week-ahead\/","title":{"rendered":"Weekly Newsletter 1109: Measuring Your Trading Progress & Futures Support Resistance Levels for the Week Ahead"},"content":{"rendered":"

Cannon Futures Weekly Newsletter Issue # 1109<\/strong><\/h3>\n

Dear Traders,<\/p>\n

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Like us on FaceBook!<\/div>\n
www.facebook.com\/CannonTrading<\/a><\/div>\n<\/div>\n<\/div>\n
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Get Real Time updates and\u00a0market alerts on Twitter!<\/a><\/div>\n
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10 Key Questions on Measuring Your Trading Progress, Success<\/h3>\n
By our friend, Jim Wyckoff<\/a><\/div>\n
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At some point in nearly everyone\u2019s trading timelines, they wonder how their trading successes (or failures) compare with those of other traders. Wondering just how well you stack up to other traders in the industry is a natural curiosity and a human psychological tendency. However, actually knowing the success or failure rates of others doesn\u2019t do a lot to move you farther down the road of where you want to be regarding trading success.<\/div>\n
Most traders also wonder about the success rates of the \u201cprofessional\u201d traders\u2014the ones who make their living solely by the profits they generate from trading. I will provide you with an answer to this question at the end of this feature.<\/div>\n
Below are 10 questions regarding measuring your own trading progress and success. These questions should help you determine where you stand in this challenging field of endeavor.<\/div>\n
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1.\u00a0What is trading \u201csuccess?\u201d<\/strong>\u00a0This is a most basic question. Most would agree that ultimate trading success is defined as being profitable at trading\u2014making more money than you lose. There are other secondary factors that also define success in trading, such as finding a \u201cbalance\u201d between trading and other life activities. But it\u2019s being profitable at trading that is the benchmark of defining success.<\/div>\n
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2.\u00a0What is trading \u201cprogress?\u201d\u00a0<\/strong>Beginning traders should not expect to have immediate and ultimate success trading futures, stocks or FOREX markets. What they can expect in the early going is to make steady progress through gaining knowledge and experience. Even veteran successful traders continue to make trading progress. Achieving and maintaining trading success requires continual progress\u2014namely continuing to seek out trading and market knowledge. Traders who truly enjoy the \u201cprogress\u201d and process of trading do have a significant trading edge over those who do not enjoy learning and gaining experience.<\/div>\n
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3.\u00a0At what point in my trading timeline should I expect trading \u201csuccess?\u201d\u00a0<\/strong>Trading success (winning trades) can come right away\u2014even for the beginning traders. What is less likely for the inexperienced traders is sustained trading success. Beginners can even run into a \u201chot streak\u201d that skews the overall reality of trading. Immediate (and likely fleeting) success for a beginning futures trader can do longer-term psychological harm\u2014if he or she does not fully recognize and understand the hard work and perseverance required on the road to trading success. Many times I get questions from less-experienced traders that go something like this: \u201cI\u2019ve been trading two years and I\u2019ve only been able to about break even.\u201d\u00a0My reply to them is, \u201cHey, you should not be too discouraged with those results. Many traders don\u2019t have that kind of success in the early going.\u201d<\/div>\n
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…Finish reading rest of the article<\/a><\/strong><\/div>\n
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Would you like to contact any of our brokers for more feedback?\u00a0We are happy to help!<\/a><\/div>\n<\/div>\n
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Are you using Sierra charts and looking to implement their Teton order routing<\/a>?<\/div>\n
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If so, look no further, Cannon can assist you in getting set up!<\/div>\n
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Contact us for a demo and\/ or more information here!\u00a0<\/a><\/div>\n<\/div>\n
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Would you like to get daily support & resistance levels?<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Yes<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n
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No<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Select<\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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Good Trading<\/strong><\/div>\n<\/div>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n

Futures Trading Levels<\/strong><\/h3>\n

08-08-2022<\/p>\n

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Weekly Levels<\/h2>\n

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Reports, First Notice (FN), Last trading (LT) Days for the Week:<\/h3>\n

https:\/\/mrci.com<\/a><\/p>\n

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Date Reports\/Expiration Notice Dates<\/div>\n
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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. Any statement of facts herein contained are derived from sources believed to be reliable but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading<\/p>\n","protected":false},"excerpt":{"rendered":"

Cannon Futures Weekly Newsletter Issue # 1109 Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! 10 Key Questions on Measuring Your Trading Progress, Success By our friend, Jim Wyckoff At some point in nearly everyone\u2019s trading timelines, they wonder how their trading successes (or failures) compare with those […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379,61,358],"tags":[],"class_list":["post-17905","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","category-futures-trading-2","category-futures-trading-education"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=17905"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17905\/revisions"}],"predecessor-version":[{"id":17908,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17905\/revisions\/17908"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}